Solved

If the Price Index Last Year Was 1

Question 70

Multiple Choice

If the price index last year was 1.0 and today it is 1.4,what is the inflation rate over this period?

A) -4%
B) 1) 4%
C) 4%
D) 40%

Related Questions

Q65: Saving is a _ variable,and wealth is

Q66: The country of Old Jersey produces milk

Q67: Government statisticians adjust GDP figures to include

Q68: The country of Myrule has produced the

Q69: Nominal GDP in a country was $8759.9

Q71: National income equals<br>A)net national product minus statistical

Q72: In the mid- to late 1980s,the United

Q73: The equation total production = total income

Q74: The nominal interest rate is 7%,today's price

Q75: Business fixed investment includes purchases of<br>A)capital equipment